IEX OPTION STRANGLE STRATEGY FOR MAY 2022

BUY 1 LOT IEX 200 PUT @ 5.4-5.5  & IEX 240 CALL @ 3.9-4

PAY OFF TABLE :-

Strike Price	Call Option Price	Strike Price	Put Option Price	Strike rate	Closing price	Payoff
240	5.4	200	3.9	5	180	40125
240	5.4	200	3.9	5	185	21375
240	5.4	200	3.9	5	190	2625
240	5.4	200	3.9	5	195	-16125
240	5.4	200	3.9	5	200	-34875
240	5.4	200	3.9	5	205	-34875
240	5.4	200	3.9	5	210	-34875
240	5.4	200	3.9	5	215	-34875
240	5.4	200	3.9	5	220	-34875
240	5.4	200	3.9	5	225	-34875
240	5.4	200	3.9	5	230	-34875
240	5.4	200	3.9	5	235	-34875
240	5.4	200	3.9	5	240	-34875
240	5.4	200	3.9	5	245	-16125
240	5.4	200	3.9	5	250	2625
240	5.4	200	3.9	5	255	21375
240	5.4	200	3.9	5	260	40125